Etherеum

TA: #Ethereum Revisits Key Support, Why Recovery Could be Capped

Earn money with the top Binance exchange

Ethereum extended decline below the $3,300 support zone against the US Dollar. ETH price could recover from $3,120, but it might face hurdles near $3,250.

  • Ethereum extended decline below the $3,300 and $3,250 support levels.
  • The price is trading below $3,250 and the 100 hourly simple moving average.
  • There is a key bearish trend line forming with resistance near $3,180 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could start a fresh increase if it clears the $3,200 and $3,250 resistance levels.

Ethereum Price Struggles

Ethereum extended decline below the $3,250 support zone. ETH even broke the $3,200 support level and settled below the 100 hourly simple moving average.

It traded as low as $3,129 and is currently correcting higher. There was a minor move above the $3,150 level. The price is now facing resistance near the $3,180 level. There is also a key bearish trend line forming with resistance near $3,180 on the hourly chart of ETH/USD.

The trend line is near the 23.6% Fib retracement level of the recent decline from the $3,392 swing high to $3,129 low. If there is an upside break above the trend line, the price could rise towards the $3,250 resistance zone.

Source: ETHUSD on TradingView.com

The 50% Fib retracement level of the recent decline from the $3,392 swing high to $3,129 low is also near the $3,250 level to act as a hurdle. A clear move above the $3,250 level might pump the price in the near term. The next major resistance is near the $3,400 level, above which ether price could gain bullish momentum. In the stated case, the price could rise towards $3,550 in the near term.

More Losses in ETH?

If ethereum fails to start a fresh increase above the $3,200 level, it could continue to move down. An initial support on the downside is near the $3,140 level.

The first key support is now forming near the $3,120 level. A downside break below the $3,120 level might push the price further lower. The next major support for the bulls may perhaps be near the $3,000 handle.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is slowly losing pace in the bearish zone.

Hourly RSIThe RSI for ETH/USD is still well below the 50 level.

Major Support Level – $3,120

Major Resistance Level – $3,250

   
Source

Показать больше

Добавить комментарий

Кнопка «Наверх»
  • bitcoinBitcoin (BTC) $ 29,603.00 1.19%
  • ethereumEthereum (ETH) $ 1,977.82 0.3%
  • tetherTether (USDT) $ 1.00 0.04%
  • cardanoCardano (ADA) $ 0.519972 0.36%
  • dogecoinDogecoin (DOGE) $ 0.083691 0.51%
  • tronTRON (TRX) $ 0.080467 4.15%
  • daiDai (DAI) $ 1.00 0.04%
  • litecoinLitecoin (LTC) $ 70.01 0.42%
  • crypto-com-chainCronos (CRO) $ 0.189703 1.54%
  • leo-tokenLEO Token (LEO) $ 4.87 0.48%
  • matic-networkPolygon (MATIC) $ 0.659777 2.08%
  • ftx-tokenFTX Token (FTT) $ 29.76 0.22%
  • bitcoin-cashBitcoin Cash (BCH) $ 195.05 1.33%
  • moneroMonero (XMR) $ 193.02 3.69%
  • chainlinkChainlink (LINK) $ 7.23 2.45%
  • okbOKB (OKB) $ 12.76 0.71%
  • stellarStellar (XLM) $ 0.132989 3.01%
  • ethereum-classicEthereum Classic (ETC) $ 23.98 9.42%
  • cosmosCosmos Hub (ATOM) $ 11.07 1.73%
  • algorandAlgorand (ALGO) $ 0.416026 1.08%
  • vechainVeChain (VET) $ 0.031559 0.39%
  • hedera-hashgraphHedera (HBAR) $ 0.098666 1.96%
  • tezosTezos (XTZ) $ 2.09 11.19%
  • kucoin-sharesKuCoin Token (KCS) $ 16.05 3.32%
  • eosEOS (EOS) $ 1.34 2.35%
  • theta-tokenTheta Network (THETA) $ 1.27 1.47%
  • zcashZcash (ZEC) $ 99.30 1.06%
  • makerMaker (MKR) $ 1,288.26 1.55%
  • huobi-tokenHuobi Token (HT) $ 7.01 0.96%
  • iotaIOTA (MIOTA) $ 0.338335 0.74%
  • gatechain-tokenGateToken (GT) $ 5.64 0.78%
  • neoNEO (NEO) $ 11.36 0.18%
  • zilliqaZilliqa (ZIL) $ 0.052206 1.99%
  • dashDash (DASH) $ 62.24 3.05%
  • enjincoinEnjin Coin (ENJ) $ 0.679534 1.02%
  • blockstackStacks (STX) $ 0.587274 3.17%
  • basic-attention-tokenBasic Attention Token (BAT) $ 0.393332 0.71%
  • wavesWaves (WAVES) $ 5.80 1.02%
  • havvenSynthetix Network Token (SNX) $ 2.61 1.24%
  • decredDecred (DCR) $ 37.20 0.6%
  • nemNEM (XEM) $ 0.053963 2.55%
  • holotokenHolo (HOT) $ 0.002597 1.24%
  • bitcoin-goldBitcoin Gold (BTG) $ 24.56 3.19%
  • qtumQtum (QTUM) $ 4.12 0.32%
  • omisegoOMG Network (OMG) $ 2.59 1.2%
  • 0x0x (ZRX) $ 0.425748 0.25%
  • ravencoinRavencoin (RVN) $ 0.029550 0.99%
  • iconICON (ICX) $ 0.390950 1.97%
  • siacoinSiacoin (SC) $ 0.005468 3.02%
  • ontologyOntology (ONT) $ 0.286843 1.33%
  • digibyteDigiByte (DGB) $ 0.012251 0.76%
  • liskLisk (LSK) $ 1.27 2.07%
  • hiveHive (HIVE) $ 0.490409 1.26%
  • republic-protocolREN (REN) $ 0.150491 2.14%
  • nanoNano (XNO) $ 1.11 3.45%
  • statusStatus (SNT) $ 0.035064 0.98%
  • kyber-networkKyber Network Crystal Legacy (KNCL) $ 2.29 3.79%
  • steemSteem (STEEM) $ 0.268620 0.79%
  • numeraireNumeraire (NMR) $ 12.96 0.62%
  • augurAugur (REP) $ 10.30 11.24%
  • energiEnergi (NRG) $ 1.37 7.69%
  • ethlendAave [OLD] (LEND) $ 1.05 5.16%
  • bitcoin-diamondBitcoin Diamond (BCD) $ 0.223134 0.24%
  • bytomBytom (BTM) $ 0.010557 4.23%
%d такие блоггеры, как: